Tele2 AB (publ) (OTCMKTS:TLTZY) Stock Crosses Below 50 Day Moving Average – What’s Next?

Tele2 AB (publ) (OTCMKTS:TLTZY)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.00 and traded as low as $4.93. Tele2 AB (publ) shares last traded at $4.98, with a volume of 1,168 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Tele2 AB (publ) to a “strong-buy” rating in a research note on Tuesday, September 24th.

Tele2 AB (publ) Stock Up 1.6 %

The business’s fifty day moving average price is $5.00 and its two-hundred day moving average price is $5.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.58. The firm has a market capitalization of $6.81 billion, a P/E ratio of 18.46 and a beta of 0.59.

Tele2 AB (publ) (OTCMKTS:TLTZY) last announced its earnings results on Tuesday, October 22nd. The company reported $0.08 earnings per share for the quarter. The company had revenue of $709.41 million during the quarter. Tele2 AB (publ) had a net margin of 12.97% and a return on equity of 17.26%. Equities analysts expect that Tele2 AB will post 0.26 earnings per share for the current fiscal year.

About Tele2 AB (publ)

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.